Gubernija AB - Notification on material event

Draft resolutions of Gubernija AB Extraordinary General Shareholders Meeting

Management Board of Gubernija AB, company‘s identification code 144715765,
official seat Dvaro str. 179, Šiauliai, approved draft resolutions of the
Extraordinary General Shareholders Meeting, to be held on 30 December,2009 at 
2 P.M. at Gubernija AB office (Dvaro str. 179, Siauliai, 3th floor): 

1. Approval of the Financial Accounts of the Company for the year 2008.
The proposed draft decision:
To approve the Annual Financial Accounts of the Company for the year 2008.

2. Appropriation of the result of the Company for the year 2008. 
The proposed draft decision:
To leave inappropriated the result of the Company for the year 2008 - loss of
LTL 5965786 (EUR 1727811.05). 

3. Selection of the audit enterprise for approval of the financial accounts for
the year 2009 and establishment of payment conditions. 
The proposed draft decision:
To select the Nepriklausomas auditas UAB, registration number of the
enterprise 125167225, for inspection of the financial accounts for the year
2009 of the Gubernija AB, to assign LTL 15000 (EUR 4344.30) including the VAT
to pay for the services of the audit enterprise. 

4. Reconstruction of the amount of the Equity Capital of the Company up to the
amount required by laws of the Republic of Lithuania. 
Having considered the situation regarding the present and prognosticated in
future negative rates of the Company, in order to reconstruct the ratio between
the equity and authorised capital, to propose to the shareholders the following
alternative decisions to vote regarding reconstruction of the capital of the
Company: 
4.1. to cover the Company's loss by additional contributions of shareholders in
the amount of million LTL 4.963 (20 cents per one share) (million EUR 1.437
(0.06 cent per one share); 
4.2. to reduce 35 percent the authorised capital of the Company reducing
proportionally the available shares to million LTL 16.1 (million EUR 4.67) by
performing arithmetical calculations and in compliance with the rules of
rounding.  The number of shares shall be reduced to all shareholders
proportionally to the nominal value of shares held by them at the end of the 
day of registration of the amended Articles of Association of the Company with 
the Register of Legal Persons.


AB „Gubernija“
Board Chairman 
Romualdas Dunauskas
+370-41-591900

Attachments:

power of attorney.pdf

the voting bulletin.pdf